April 2019

Found 9 blog entries for April 2019.

Ambergate Realty Advisors is pleased to continue to add diversity to our team. Bohdan has worked as a REALTOR® for many years and he brings with him a wealth of real estate experience.

Bohdan has lived in the Edmonton area for his entire life, owning homes in Fort Saskatchewan, Sherwood Park, and Edmonton. He currently lives near the Valley Zoo with his lovely wife Maria, his cat Winston, and his dog Dash. Bohdan graduated from the University of Alberta in 1979. He also keeps the designation of Associate Broker with the Real Estate Council of Alberta. He’s worked in the customer service industry for over 40 years and as a real estate agent since 2004.

You can read more about Bohdan and contact him by clicking here.

About the author:

You

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When deciding upon an asking price we always recommend that clients avoid falling into the trap of ‘wiggle room’ pricing. And by the way. We strongly advocate against ‘odd’ or ‘charm’ pricing your home. Read here for details: Choose a Round Number!

What are the pitfalls of wiggle room pricing?

1.  You Risk a False Start

The market is competitive and there is ALWAYS substitutes for your home. If you price too high, potential home buyers will simply avoid your listing and you risk getting fewer showings.2.

2.  You May Languish

Homes with ‘wiggle room’ are easy to spot. They sit on the market. When a listing is on the market too many days beyond what is considered a normal time on market it will start to languish in the market and could be

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To ensure that your home buying process is as stress free and enjoyable as possible, we hand pick our preferred service providers.

You would be wise to get your future home inspected by a competent professional before you finally sign off on the contract.

Please consider using Joe Yaretz. Joe has completed many satisfactory home inspections for our clients. Our clients really seem to appreciate his thorough friendly approach. Joe will go out of his way to provide you with a solid understanding of what you are buying, but without scaring you away.

To contact Joe please click on this link: Joe Yaretz – Licensed Inspector

If you are wondering why hiring an inspector is recommended please click on this link: 3 Reasons to Use an Inspector

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Just over one year ago Stevi Lashley joined our team. Stevi has proven to be an excellent REALTOR®.

She’s persistent, professional, knowledgeable and highly effective when she represents her clients. Here is a recent testimonial that we received on our Facebook page.

“My Husband and I really enjoyed working with Stevi. She was very helpful and super efficient with sending us listings that met our criteria as well as setting up viewings. We will definitely be recommending her to our friends. Thanks again, Stevi!”

We are proud to have Stevi on our team.

To reach Stevi just click on this link: Stevi Lashley – Advisor / REALTOR®

About the author:

You can read more about the author of this blog by clicking this link – Stuart Neal Broker

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We are often asked by our home selling clients for guidance on pricing their home for sale. And most sellers think we are going to advise them to select a price that ends with a 9. Why? Known as ‘odd’ or ‘charm’ pricing the reason that many people think an odd price point could be best is based on years of conditioning and experience. I believe that a newspaper man came up with the idea that if he charged 9 cents not 10 cents for his paper he would sell more. And this belief has continued for decades. In essence it’s a trick and most people don’t appreciate it.

New research is emerging that proves this theory wrong. Why?

  1. An even number conveys value, trust and transparency. According to Mark Anderson of Business.com people have to think

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Wild Rose is one of the most popular communities in south east Edmonton. We pleased to present this luxury level home for sale at a great price. Click this link to read the details: Luxury Triple Car Garage Home for Sale.

To see ALL single family homes for sale in Wild Rose please click on this link: All Wild Rose Homes for Sale.

 

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Summary:

Inventory levels have stayed lower for 2 consecutive months. If this pattern continues, we should see a turnaround later this year.

Month End Inventory:

Over the last 2 years we have witnessed a large excess of inventory. This is no longer the case. At the end of March 2019 there were only 2150 condo units for sale across Edmonton compared to over 2500 last year.

Numbers Sold:

251 condos sold in March 2019 compared to 290 units last year, a difference of only 39 units. We don’t see this as significant.

Days on Market:

Condo buyers in March 2019 continued to act with confidence and contracted in 74 days compared to 70 days in March 2018. Again, we don’t this as significant.

Sales Values:

Discounted

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Summary:

The number of homes sold this year was about the same as last year. However, most homes were selling at a discount. Do we see light at the end of the tunnel? If inventory levels tighten up, yes we do.

Numbers Sold: 

In total, 625 single family homes sold in Edmonton during March 2019. This compares favorably with March 2018 when 692 homes sold. A difference of only 67 homes sold. This proves the underlying demand for homes in Edmonton.

Month End Inventory:

The days of excess inventory are behind us. At the end of March 2019 there was only 371 more homes for sale compared to last year. If this pattern continues then values will harden at some point.

Days on Market:

In March 2019 most single-family homes

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